Distribution Information - Update allows you to create a distribution or edit an existing distribution. Enter the Description for the distribution. There are two available tabs: Details and Note.
This Help page contains the following sections:
The Details tab is where you put the distribution detail. In the grid the following columns display for each record:
Click the Delete icon to delete a record from the grid, the Edit icon to edit a record, or click the Add New Record link. Enter in your level information according to your account structure. Enter the Account # and a Description for the line. You can also select a Project and select from the following 1099 status options:
•Misc. Box 1: Rents
•Misc. Box 2: Royalties
•Misc. Box 3: Other Income
•Misc. Box 4: Federal Income Tax withheld
•Misc. Box 5: Fishing boat proceeds
•Misc. Box 6: Medical and health care payments
•Misc. Box 7: Nonemployee compensation Note: This is the most commonly used Miscellaneous 1099 status.
•Misc. Box 8: Substitute payments in lieu of dividends or interest
•Misc. Box 13: Excess golden parachute payments
•Misc. Box 14: Gross proceeds paid to an attorney
•Misc. Box 16: State Tax withheld
•Retirement - R: Used for non-taxable retirement.
•Retirement - R2: Used for taxable retirement
•Retirement - R3: Used for capital gains.
•Retirement - R4: Used for Federal tax withheld from retirement.
•Retirement - R5
•Retirement - R9
Click the icon or press "s" in any field with the Search icon to display a Search window. Use the filter at the top to narrow down your selection. In the Account Search window you can also specify the Account Type in a drop-down list. You can then double-click the item you want to select or click the item and click Select. Click the Cancel to return to the Update page without making a selection.
Enter the Percent to apply to the selected account. Keep in mind that the total of all entered records must equal 100%. Click the Apply button to save the record and begin adding a new record, the OK button to save the new record to the distribution, or the Close link to return to the Update page without saving changes to the record.
Enter a note in the field provided if you wish.
When finished click the Update button to save changes to your distribution and return to the Distribution Information page, the Reset link to undo all changes since the last time the page was updated, or the Cancel link to return to the Distribution Information page without saving your changes.
Compiled on 5/22/2018 4:57:53 PM